Cac 40 may fall to 7470.00 - 7565.00

Pivot

7730.00

Our preference

Short positions below 7730.00 with targets at 7565.00 & 7470.00 in extension.

Alternative scenario

Above 7730.00 look for further upside with 7800.00 & 7860.00 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

7860.00

7800.00

7730.00

7590.72 Last

7565.00

7470.00

7435.00

Number of asterisks represents the strength of support and resistance levels.